Surgical Stapler Market: Top 4 trends impelling the industry growth through 2025
Demand for surgical staplers will be accelerated by the global prevalence of chronic diseases mainly in the geriatric population that urges the need for minimally invasive surgeries. Surgical staplers are widely used to offer quick placement, proper wound closure, lower tissue interaction as well as reduced inflammation around the wound. Owing to these benefits, the staplers are witnessing an optimum presence across surgeries in comparison to traditional sutures across the growing economies of the Asia Pacific and Latin America.
Furthermore, limitations of traditional wound closure methods have led to the rising penetration of the surgical staplers to enhance the efficiency of surgical procedures. As per reports, the global surgical stapler market size will surpass an annual remuneration of close to USD 6.5 billion by 2025.
Reduced complications from powered and disposable staplers
Powered surgical stapler market revenue exceeded USD 2,749.2 million in 2018. The value is believed to rise through 2025 with the influx of various technical innovations and preference for battery operated staplers. Also, the surge in R&D activities has pushed the development of some of the safest and effective surgical staplers to render minimum risk associated with post-operative complications.
Disposable staplers are used across complicated surgical procedures to minimize bleeding and infections. A rise in the number of these surgeries, asserting the need for sterile surgical instruments will drive the product demand. Owing to the reasons, the disposable surgical stapler market share is pegged to grow at a 7.3% CAGR in the next few years
Potential in endoscopy and cardiac surgeries
The surgical staplers industry share from cardiac surgery segment was valued at USD 908 million in 2018. The surgical stapler market is estimated to witness substantial growth due to the growing instances of chronic conditions like cardiovascular diseases. The penetration of such health disorders has resulted in an inclined number of cardiac surgeries and prominent use of the staplers.
Furthermore, a rise in demand for minimally invasive surgeries such as endoscopic procedures is observed over the years. On this note, the endoscopic surgical stapler market share is poised to grow at a CAGR of 7.5% through the coming years.
To access sample pages of this report titled, “Surgical Stapler Market Size By Product (Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers), By Technology (Manual, Powered), By Usability (Reusable, Disposable), By Surgery (Gynaecology Surgery, Cardiac Surgery, Bariatric Surgery, Colorectal Surgery), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
Key markets in North America and APAC
North America led the regional landscape in terms of revenue in 2018 owing to the presence of state-of-the-art healthcare facilities and some of the major medical device suppliers. There is a spike in the number of surgeries operated across the region along with the regulation of reimbursement policies as well as insurance coverage. U.S held the largest revenue share that exceeded over USD 1,606.6 million in the same timeframe for this region.
Expansion of the older population base, advancements in the healthcare infrastructure, and the jump in the instances of surgeries for chronic disorders will boost the prospects for surgical staplers in the Asia Pacific. Taking these factors into account, the Indian surgical stapler market size is likely to strike a CAGR of 10.2% through 2025.
Increased efforts for innovations
Surgical stapler manufacturers are working on technological upgradations to yield effective surgical outcomes by combining new functions as well as capabilities to enhance the process of wound closure. For instance, Baxter International Inc, in February 2020, introduced the Peri-Strips Dry, which is deployed with a secure grip technology to render reliable reinforcement of staple line in surgeries. The product also received a 510(k) clearance from the U.S. FDA.
The firms are also keen on marketing strategies as well as R&D activities to increase their global presence. The present COVID-19 pandemic has driven the need for innovations in various types of surgical staplers to sustain competition. B. Braun, Meril Life Sciences, Purple Surgical, Intuitive Surgical, Medtronic PLC, Reach Surgical, Conmed Corporation, 3M, Melsungen AG, Ethicon Inc., Smith & Nephew PLC, Grena, Integra Life Sciences, Welfare Medical, and Frankenman International are some of the leading suppliers.
Challenges and adverse effects pertaining to the safety of surgical staplers may negatively influence the industry forecast. To elaborate further on this, the U.S. FDA estimated that over 13,312 such cases were reported, out of which more than 3,234 resulted in injuries, over 9,972 indicated device malfunctions and 106 events incurred fatal outcomes.
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